Nov 10, 2026
197,889 Franklin Electric Co., Inc. $FELE Shares Sold by Allspring Global Investments Holdings LLC
Allspring Global Investments Holdings LLC reduced its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 15.5% in the third quarter, selling 197,889 shares. Despite this, other institutional investors have recently increased their holdings in the industrial products company. Franklin Electric reported strong third-quarter earnings, beating analyst estimates, and has a "Moderate Buy" consensus rating from analysts with an average price target of $132.50.
Company relevance
100.00%
Company sentiment
Somewhat-Bullish
Overall sentiment
Somewhat-Bullish
Nov 6, 2026
Boston Trust Walden Corp Sells 18,968 Shares of Franklin Electric Co., Inc. $FELE
Boston Trust Walden Corp reduced its stake in Franklin Electric Co., Inc. by 4.8% in the third quarter, selling 18,968 shares but still retaining 378,192 shares valued at approximately $36.3 million. The industrial products company recently reported strong quarterly earnings, beating analyst expectations with an EPS of $1.50 and revenue of $633.6 million, an 8.9% increase year over year, and declared a $0.28 quarterly dividend. Despite mixed analyst sentiment, MarketBeat's consensus rating for Franklin Electric is "Moderate Buy" with a target price of $132.50.
Company relevance
100.00%
Company sentiment
Somewhat-Bullish
Overall sentiment
Somewhat-Bullish